What Is A Business Plan & Feasibility Study

Every successful business in the world was well planned and thought out, there is no successful business man in the world today that never plan for his business. If you have never created or know what a business plan looks like at the end of this post you will be able to write your own business plan.

At the end of this post, you will have a full idea of how a business plan looks like, important things to add and how to write your own business plan.

What is a Business Plan - There are several definitions but in simple term, a business plan a guide or road-map on how your business should go, it is an outline of goals and details of the business and how you plan to achieve those goals. It is also a formal written document describing the nature of the business, the sales and marketing strategy of the business, the financial and operational viewpoint of the business.

Not all successful business in the world started their business with a well written business plan or feasibility study for the business, as important as a business plan is, its not a guarantee that a business must be successful.

However part of the success of your business depends on the information you gather from a well written and detailed business plan and feasibility study.

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Interesting post. I agree with your statements. Detailed business plan and feasibility study are essential parts of any business. Actually, to all new business plans and models, I would add implementing a mobile app which you can develop with the help of https://reinvently.com/. Since this is useful and spread today.


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